A strategic partnership between Sentinel Risk Advisors and Medical Mutual Insurance Company of North Carolina will expand and enhance commercial insurance offerings to clients in 36 states. The collaboration between the two companies has proven seamless since going into effect earlier this spring. Sentinel has assumed all commercial insurance business that was formerly administered by Medical Mutual’s subsidiary, MMIC Agency. Medical Mutual, in turn, now holds a minority stake in Sentinel.
“Medical Mutual’s investment in our company enhances our growth opportunities and strengthens our position as the Carolinas’ premier provider of business insurance coverages,” said Jim Holmes, Sentinel’s founder and managing partner. “It’s a win-win for clients, partners and stakeholders at both companies.”
Holmes said for its minority ownership investment, Medical Mutual will have an appointed seat on Sentinel’s Board of Directors, further solidifying the partnership of two industry leaders whose primary focus is to provide innovative insurance solutions and outstanding service to clients and members.
“Sentinel’s diverse resources and talented professionals offer an enduring advantage that will enable us to better serve the increasingly complex needs of our commercial insurance clients,” said Dale Jenkins, CEO of Medical Mutual. “Medical Mutual is continuously looking for ways to acquire or partner with outstanding companies that are industry leaders, like Sentinel.”
About Sentinel Risk Advisors
Sentinel Risk Advisors is a premier insurance brokerage firm with a reputation for exceptional client experience in 36 states. Sentinel offers a broad scope of property, casualty, and risk management services for today’s global marketplace. Clients depend on Sentinel Risk Advisors to protect their assets, preserve their wealth, and elevate their personal and professional position. For more information, visit http://sentinelra.com/.
About Medical Mutual Insurance Company of North Carolina
Medical Mutual, a leading medical professional liability company, was founded in 1975. Since its inception, the company has worked proactively to create innovative and responsive insurance programs for its members and clients. Medical Mutual has gradually transitioned from a product driven to a solutions driven company by offering resources that enable members to tailor their insurance coverages to meet their specific needs. Today, the company protects nearly 12,500 physician members in 18 states. Medical Mutual has achieved this growth while maintaining the lowest operating costs in the industry and an “A” Excellent rating from A.M. Best for 13 consecutive years. In recent months, the Company has expanded to include asset management services through its affiliate, SharpVue Capital. For more information, visit: http://www.medicalmutualgroup.com/.